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At this time, the Entity has or does not have any debts or liabilities. |
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| INDEMNIFY - Include special resolutions and provisions in your Articles of Dissolution, Revocation or Amendment of an Entity authorizing an Indemnification Agreement which would trigger important protection requiring the Entity to indemnify and hold harmless departing Member, Shareholder, Manager, Director or Officer of the Entity from any actions taken on behalf of the Entity. |
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| RELEASE - Exchange Mutual Releases of Liability between any departing Member, Shareholder, Manager, Director or Officer of an Entity with the Entity. Basically, the Entity gives the departing Member, Shareholder, Manager, Director or Officer a release of liability for any actions taken by the Entity towards the departing Member, Shareholder, Manager, Director or Officer while the Member, Shareholder, Manager, Director or Officer was affiliated with the Entity. Also, the departing Member, Shareholder, Manager, Director or Officer gives the Entity a Release of Liability. |
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